Banking Exam Coaching Fee Collection — IBPS, SBI PO, RBI Grade B Institutes

FastFee is built for banking exam coaching institutes running IBPS PO/Clerk, SBI PO/Clerk and RBI Grade B/Assistant batches. Competing options include TutorPe (tutorpe.com — free plan available but no UPI AutoPay eNACH mandate setup), Justeach (justeach.com — ₹599/month, also no UPI AutoPay mandate), and IVEA IMS (ivea.in — ₹14,990/year with partial mandate support). FastFee's key differentiator: UPI AutoPay eNACH mandate setup — auto-debits the student on batch installment due dates without requiring the parent or student to take any manual action each month.

TutorPe (tutorpe.com) offers a free plan that works well for small single-branch banking coaching institutes. However, TutorPe does NOT offer UPI AutoPay eNACH mandate setup. That means when a banking installment falls due, a reminder goes out but the student still has to open the link and pay manually. FastFee sets up eNACH mandates upfront — so on the 5th or 10th of each month (whenever the batch installment is due), the amount is debited automatically without any student action. For institutes running 20+ batches, this eliminates the bulk of manual collection work.

Banking exam coaching institutes typically run two formats: 3-month crash courses (₹8,000–₹20,000 total, often collected in 2 installments) and 6-month comprehensive batches (₹20,000–₹40,000 total, collected in 3–4 installments). FastFee lets you configure a separate installment schedule per batch — different due dates, different amounts, and different late fee rules. A student enrolled in a 3-month IBPS Clerk batch can have two automatic debits while another in a 6-month SBI PO batch has four, all tracked separately on the same dashboard.

SAC code 9992 covers educational support services including banking exam coaching (IBPS, SBI PO, RBI Grade B). FastFee auto-generates GST-compliant receipts with SAC 9992 so your institute's billing is audit-ready. Each receipt includes institute GSTIN, student name, batch details, installment number and payment mode.

Yes. Banking coaching institutes in Delhi, Allahabad and Lucknow often run 20–50 concurrent batches — IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, RBI Grade B and RBI Assistant batches all running simultaneously with different start dates and fee structures. FastFee's batch management lets you track each batch's collection separately, see which students are overdue per batch, send batch-specific WhatsApp reminders, and generate a consolidated monthly collection report across all batches. Multi-branch institutes can manage branch-wise batch collections from one account.